Value Line Stock Forecast
Stronger technical forecast for Value Line stock price after Monday trading.
(Updated on Apr 29, 2024)
The Value Line stock price gained 1.63% on the last trading day (Monday, 29th Apr 2024), rising from $36.35 to $36.94. During the last trading day the stock fluctuated 2.78% from a day low at $36.00 to a day high of $37.00. The price has risen in 7 of the last 10 days but is still down by -1.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $254.16 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.50% during the next 3 months and, with a 90% probability hold a price between $29.57 and $31.30 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VALU Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. Value Line has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Value Line stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $37.20 and $38.61. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Value Line stock
Value Line finds support from accumulated volume at $36.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.00 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 5.58%.
Our recommended stop-loss: $34.98 (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VALU) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Value Line to open at $36.65, and during the day (based on 14 day Average True Range), to move between $35.51 and $38.37, which gives a possible trading interval of +/-$1.43 (+/-3.86%) up or down from last closing price. If Value Line takes out the full calculated possible swing range there will be an estimated 7.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $36.35 (1.60%) than the resistance at $42.03 (13.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Value Line stock A Buy?
Value Line holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.794 Hold/Accumulate Upgraded
Predicted Opening Price for Value Line of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
$36.65 ( 0.797%) | $36.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VALU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.65 | 1.91 % | |
R2 | 37.27 | 0.88 % | ||
R1 | 37.03 | 0.237 % | ||
Current price: | 36.94 | |||
Support | S1 | 36.27 | -1.83 % | |
S2 | 36.03 | -2.47 % | ||
S3 | 35.65 | -3.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.99 | 24.49 % | |
R2 | 42.71 | 15.62 % | ||
R1 | 42.03 | 13.77 % | ||
Current price | 36.94 | |||
Support | S1 | 36.35 | -1.60% | |
S2 | 36.10 | -2.28% | ||
S3 | 0 | . |
VALU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 26, 2024 | Apr 26, 2024 | May 10, 2024 | $0.300 | 0.81% |
2 | Jan 19, 2024 | Jan 26, 2024 | Feb 09, 2024 | $0.280 | 0.666% |
3 | Oct 20, 2023 | Oct 27, 2023 | Nov 09, 2023 | $0.280 | 0.629% |
4 | Jul 21, 2023 | Jul 28, 2023 | Aug 10, 2023 | $0.280 | 0.499% |
5 | Apr 21, 2023 | Apr 28, 2023 | Aug 10, 2023 | $0.280 | 0.499% |
FAQ
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